Interested to Buy Any Domain ? << Click Here >> for more details...
What is the differance between Direct Tax and Indirect Tax?
- 4 Answers
- 9461 Views
- ABC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Direct taxes are those taxes are those which needs to be
paid by the person who ultimately bears it. Income Tax,
Wealth Tax, Gifte Tax, etc. are the example.
Indirect taxes are those which are levied by the government
and collected from some who is not the ultmate bearer of the
tax burden. Sales (VAT), Central Excise, Customs Duty, etc.,
are the examples. To elaborate VAT or Excise Duty are
payable by an business entity on its products to the
government, but it collects these taxes from the buyers of
these goods through Tax Invoice (Sales Bill).
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / naveen
direct texes is that kind of taxes which being paid by a
person on his actual income directly like income tex. and
inderect texes is that kind of taxes which a person have to
pay indirectly like sales tex, vat etc.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / guest
Direct tax means a tax on the direct income of a person.
A person can not pass on the burden of Payment of tax to
other party. whereas a tax which can be pass on to other
party is called as Indirect tax.
in short, tax which cannot be transferred to other is
called Direct tax and which can be transferred is called
Indirect Tax.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ajoy kumar rai
DIRECT TAX ARE THOSE WHOSE INCIDENCE AND BURDEN FALLS ON
THE SAME PERSON AND HE/SHE HAS TO BEAR IT. EX-INCOME
TAX,WEALTH TAX,GIFT TAX ETC,
ON THE CONTRARY, INDIRECT TAX ARE THOSE WHOSE BURDEN IS
NOT FALL DIRECTLY ON A PERSON.EX- SALES TAX.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is TDS? Post journal entry for that in books of company.
What is DSCR and how to calculate the same.
if mr.X get 2,00,000.00 per month salary. than how we will calculate his tds.
HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?
TCS AND TDS I.T RETURN
we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form
what is excise duty
Anybody tell me What is Credit Availed, Credit Utilized & Credit Balance In service tax.
scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me
Audit 
